Established Cheyenne Liquor Store
822 CENTRAL AVE, Cheyenne, WY 82001
New
Commercial - Cheyenne, WY
Property size:
3,448 SFLot size:
0.36 AcresPrice / SF:
$226/SF- Added:
- May 31, 2026
- Days on Market:
- 1
- Last Refresh:
- May 31 at 10:06 pm
Property Features for 822 CENTRAL AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Appliances
- Other
- Standard status
- Active
- Size
- 3,448 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 0
Utilities
- Heating system
- Electric (Heating), Forced Air, Hot Water (Heating), Natural Gas
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Building materials
- Concrete
- Roof type
- Membrane
- Architectural style
- Other
Listing agent Jim Weaver (307) 630-5161
Listing office #1 Properties 6106 Yellowstone Rd, Cheyenne, WY (307) 634-2222
Listing date May 31, 2026
MLS# 100947
Listing URL
Copyright © 2026 Cheyenne Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Long‑established liquor store business (90+ years) with a strong reputation and loyal customer base.
- Includes commercial building and operating business in the Downtown Development District.
- Package liquor license included (subject to City of Cheyenne approval).
- High‑traffic corner lot location with 20,000+ vehicles per day, offering excellent visibility and accessibility.
- Consistent revenue generation over decades of operation, making it a stable, income‑producing asset.
- Features a dedicated drive‑through lane for customer convenience.
Overview
An exceptional opportunity exists to acquire a long-established liquor store business along with the real estate it occupies, situated on the south side of Cheyenne. Located within the Downtown Development District, this offering includes the commercial building, the operating business, and a package liquor license, subject to approval by the City of Cheyenne. The inventory will be sold separately and is not included in the purchase price. For over 90 years, this business has served the local community, building a strong reputation and generating substantial and consistent revenue over decades. This longevity reflects a loyal customer base, recognizable market presence, and a proven operating history, making it an attractive investment for both owner-operators and investors seeking a stable, income-producing asset. The property features a 3,448-square-foot commercial building situated on a highly visible corner lot of approximately 0.36 acres. Positioned along a heavily traveled corridor with daily traffic counts exceeding 20,000 vehicles per day, the location offers outstanding visibility, accessibility, and exposure to both local and regional customers. The generous site size provides convenient customer parking and efficient traffic flow, while a dedicated drive-through lane adds significant value and convenience, enhancing customer service and supporting continued business success.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.1k | $18.60 |
| − Vacancy | −$7.6k | −$2.21 |
| EGI | $56.5k | $16.39 |
| − OpEx | −$17.0k | −$4.92 |
| NOI | $39.6k | $11.47 |
3,448 SF · lease $18.60/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$565.0K
$494.4K – $659.2K
NOI $39,551 @ 7.0% cap · market cap 5.07%
Second Best
Specialty Retail
$125.1K
$109.4K – $145.9K
NOI $8,754 @ 7.0% cap · market cap 1.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Keg 'n Kork ...
Bar & Pub
Similar Places Nearby
- Amiraz — 1603 Capitol Ave STE 310 PMB #A532, Cheyenne, WY 82001
- Datacorp — 200 W 17th St #120, Cheyenne, WY 82001
Location Insight
- Map
- Local Demand
- City
- Cheyenne
- County
- Laramie
- State
- Wyoming
- Longitude
- -104.80994
- Latitude
- 41.126255
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Long-established liquor store with real estate and liquor license.
Where is this grocery and convenience store located?
The property is located at 822 CENTRAL AVE Cheyenne, WY.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Long‑established liquor store business (90+ years) with a strong reputation and loyal customer base.; Includes commercial building and operating business in the Downtown Development District.; Package liquor license included (subject to City of Cheyenne approval).
